Disclosure of notifiable interests

RNS Number : 9462T

Highlands Natural Resources PLC

26 March 2019

 

26 March 2019

Highlands Natural Resources plc

("Highlands" or the "Company")

Disclosure of notifiable interests

Further to admission to trading today of the new Ordinary Shares ("Ordinary Shares") that were issued in connection with the recent subscription and PrimaryBid Offer (the "Fundraising"), Executive Chairman Robert Price's holding now represents 8.79% of the Company's total voting rights. The number of Ordinary Shares held by Mr Price has not changed.

**ENDS**

Enquiries

Highlands Natural Resources plc	[phone]
Robert Price
Cantor Fitzgerald Europe	[phone]
Nick Tulloch
David Porter
Newgate Communications	[phone]
Elisabeth Cowell
Fiona Norman

Notes to Editors

Highlands (LSE: HNR.L) is a London-listed natural resources company with a portfolio of high-potential assets and technologies. The Company's core projects include:

·   Colorado Shale: Highlands holds a 7.5% carried interest in the East Denver Niobrara shale project. East Denver is currently producing from eight wells, with the potential for up to 24 wells in total.  At its West Denver project, Highlands holds c. 5,300-acres of leases geologically similar to the East Denver project. This division also includes its patented anti well-bashing technology, DT Ultravert, successfully deployed in the Permian in 2018 and Piceance basins in 2016.

·    Kansas Gas Resource: 3,457-acres with the first well producing hydrogen-nitrogen with an initial flow rate of 2,581 Mcfpd. Potential for an additional 24 wells.

·   Highlands Water Resources: formed to facilitate a range of initiatives focused on easing the water shortage currently being experienced across the US oil and gas industry, and particularly across more arid States such as Colorado. Utilises the E10X modular solar powered water-recycling units. Highlands is also exploring the potential to supply water from its 154,072 acreage in Montana.

·     Zoetic Organics: newly formed subsidiary targeting the production of premium organic CBD products into wholesale and retail channels from a 33,000 sq. ft. indoor facility (potential annual harvest of 40,000 hemp plants) and an initial 20-acre outdoor growing facility (potential annual harvest of 50,000 hemp plants).

 

END

 

 

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